New analysis of Companies House data published today by Zempler Bank, a digital bank serving start-ups and microbusinesses, shows company formations fell year-on-year by eight per cent in 2024. Zempler, which offers a company formations service, has produced analysis showing that there were 807,000 incorporations in 2024, down from the 844,000 recorded in 2023. This […]
Conister Bank Limited (“Conister”), part of Manx Financial Group PLC (AIM:MFX), is delighted to announce the launch of a new easy-to-use online deposit system for its UK retail customers. The launch follows the success of its digital distribution channel on the Isle of Man, which now accounts for over 70% of the bank’s lending. The […]
The British Business Bank has agreed an ENABLE Build transaction of up to £150m with specialist bank Shawbrook to increase the amount of development finance it provides to UK smaller housebuilders. Shawbrook has surpassed £2bn of lending to UK property developers, creating over 8,000 new homes. The guarantee is expected to further support over £300m […]
There has been a six-month peak in the percentage of small businesses that need to secure funding or finance in order to move forward with their growth plans for early 2025 – 57%, up from 53% in spring 2024 – according to new research by Novuna Business Finance. Following small business concerns over the hike […]
Fintilect, the specialist hyper-personalized digital banking software provider, has partnered with DF Capital to provide full online self-serve functionality for its suite of business savings accounts for small and medium sized enterprises (SMEs). The introduction of online functionality for these accounts follows the successful 2021 launch of full online functionality for DF Capital’s personal savings […]
The UK’s small and medium-sized businesses are bracing for cost increases this year, according to new research from iwoca – one of Europe’s largest SME lenders. iwoca’s annual SME Outlook, based on a survey of SME owners, shows that mounting business running costs tops the list of pressure points going into 2025, with 42% of business owners […]
UK manufacturers are riding high on a wave of newfound confidence for 2025, as figures reveal a dramatic uplift in sales revenue and purchasing. Small and mid-sized firms saw their average sales revenue jump 88% in 2024, while the number of purchase orders (POs) placed with suppliers was also up 88%, according to a report from inventory management […]
Close to 90% of small and medium enterprises (“SMEs”) participating in the SME ESG Charter 2024 (“ESG Charter 2024”) have acknowledged that they have benefited from enhanced brand image, reflecting the significance of the ESG Charter 2024 jointly launched by Dah Sing Bank, Limited (“Dah Sing Bank” or “the Bank”) and the Hong Kong Small […]
Small businesses are increasing their financial resilience in the face of increasing costs based on the latest analysis of personal guarantee backed loan applications by Purbeck Insurance Services – the UK’s only provider of personal guarantee insurance. Key Facts Demand for Personal Guarantee Insurance (PGI) for small business loans jumps 45% in 2024 vs 2023 Average personal […]
Leading enterprise organisations are calling for a move away from ‘a merry go round’ of changes to policy and funding ‘ to consistent, professional business guidance provided UK-wide with local on-the-ground delivery. The National Enterprise Network, the country’s leading provider of community-based business support for micros and start-ups, is calling on the government to listen […]
